A good write-up on Seritage Properties (one of Buffett’s personal positions)
Forager Funds likes Enero
Longcast Investor’s Q1 report
Some very good advice for (the last remaining) short sellers
Why Under Armour is struggling
How to report growth when you are a company which does a lot of M&A : constellation Software 2016 letter to shareholders
Richard Branson’s must read book list (70 books) (h/t valueinvestingworld)
For fans of Contingent Value Rights (CVR), Innocoll might be worth a look
How PE funds “pump up” their returns. Howard Marks with more thoughts about the use of these “subscription lines” in PE funds.
Facebook behaves like an old school monopoly
A detailed analysis of H&M the Swedish clothing retailer
Why price setting at online retailers these days is similar to High Frequency Trading
Don’t miss: Jeff Bezos’ 2016 letter to Amazon share holders
A great collection of business/investing book reviews from Abnormal Returns
An interesting write up on German “Amazon for animal feed” company Zooplus
Good idea: Write down everything what you have learned about investing in simple sentences
A good collection of articles about Blockchain technology
On the virtues of writing for investors
Intelligent thoughts on second and third order effects of electrical / fully autonomous cars. However with regard to car insurance it seems there are some unexpected side effetcs of this trend.
The Brooklyn investor has a look at the Jamie Dimons letter to JPM shareholders
Horzon Kinetics with some interesting observation on Index ETFs
Alpha Vulture on Italien Real Estate Funds. By coincidence also Ben from Wertart covers two of those vehicles in more detail.
Why Softbank bought Fortress (with a lot of stuff about “alternative” asset managers)
A pretty wide and deep view on what matters with regard to Brexit
David Einhorn wants to create a new share class for General Motors. Plus the unavoidable slide deck.
Sears seems to be Eddie Lampert’s Waterloo
LNG bunkering’s time still has yet to come
The “Global stockpicking” blog’s first year review
An interesting reply to John Hempton’s post “When to average down”
Good overview about the current state of the mechanical watch market
The author of the book is Nils Kröner, a German who among others worked as consultant at McKinsey, at Barclays and for AKO capital before he became professor.
The book has been written following the big financial crisis and starts with a review about what went wrong in general.
Then he introduces the “7 deadly sins of banking” that contributed in his opinion to the banking crisis which are:
Uber’s self driving cars don’t seem to make much progress
Deep thoughts on the Intel / Mobileye deal and value creation in different industries
Elon Musk’s recommened reading list (h/t marketfolly)
Fairfax 2016 letter and Markel 2016 letter to the shareholders
Prof. Damodaran revisits his (mostly broken) Valeant case
Popular stocks within stock forums perform really (really) badly
As I currently own a 5% poisiton in (special situation) Biotech company Actelion, I thought it makes sense trying to learn at least a little bit about Biotech.
By chance I came across the book “Genentech – The Beginnings of Biotech” which recounts the history of Genetech from the very early beginnings in the 1970s until the company went public in October 1980.
Langfrist hosts a new interesting fund: Rubicon Stock Picker fund with their first 2016 annual letter describing their 3 largest positions in some detail (Eurotech, Max21, Songa Bulk)
Good collection of 2016 year end fund letters (Reddit)
Is there a huge fashion retail bubble in the US ?
Rob Vinall has posted some interesting Videos from his investor day a few weeks ago on Youtube
Chris Hohn (TCI) tries to kill the Safran/Zodiac take-over (presentation slides)
How stock investing looked in the 1950s with an appearance of Benjamin Graham (h/t Valueinvestingworld)
Before ultimate world domination, right now Uber seems to be in some deep trouble.
A good collection of Mungerisms by the always excellent Farnam Street blog
An epic 2016 letter from Semper Augustus with very interesting thoughts on profit margin mean reversion (h/t valueinvestingworld)
An interesting historical comparison of ship brokers Clarkson and Braemar
Joel Greenblatt interview on Wealth Track” ((h/t valueinvestingworld)
Tyler Cowen’s new book “The Complacent Class” looks very interesting
value and opportunity 